Goldman Sachs Maintains Buy, $14 Target on Charles Schwab
Goldman Sachs reiterates its Buy rating and $14 target price on Charles Schwab (NYSE: SCHW) as it previews the company's upcoming Analyst day.
Goldman Sachs notes, "Schwab has an opportunity to detail how it will search for EPS growth in a lower-for-much-longer environment at its investor day on Feb 2. SCHW may discuss the impact on 2012 earnings for several NIM/S&P/DART scenarios, and we would not be surprised to see a more detailed review of its financial strategy with reinvestment rates low and money fund fee waivers the norm rather than the exception."
SCHW closed at $1.64 a share on Monday.
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